A Precise ____ Increases the Chances That the Business Concept

question 17

Multiple Choice

A precise ____ increases the chances that the business concept will meet the customers' needs.

• A)customer definition
• B)distribution channel
• C)value proposition
• D)customer benefit
• E)elevator pitch

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Definitions:

Partnership

A business structure where two or more individuals share ownership, as well as the profits and liabilities of the business.

Alternate Payees

Individuals or entities designated to receive payments on behalf of the original payee, often seen in legal settlements or divorce decrees involving support payments.

Pay To The Order

A directive on a financial instrument instructing the payment to the individual or entity whose name follows.

Notice

A formal communication or announcement given to a party, usually in writing, about an action or condition.